Lucky an importer imported some goods for subsequent sale in India at $ 12,000 on...
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Accounting
Lucky an importer imported some goods for subsequent sale in India at $ 12,000 on assessable value basis. Relevant exchange rate and rate of duty are as follows - Exchange rate Rate of Basic Particulars Date declared by Customs CBIC Duty Date of submission of Bill of Entry 18th June 20XX *60 /USD 10% Date of Entry inwards granted to the 4th August 20XX 60.25 /USD 12% vessel Calculate assessable value and customs duty in Indian rupee. Assume IGST - 18%
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